I am often asked by clients what a profit and loss does; what it actually tells you and what it should actually look like. The normal Profit and Loss Statement is basically a record of all your income and all your expenses; for example a normal Profit and Loss Statement has one income account, and […]

When I first met with this particular client he had huge cash flow problems in his business. When we sat down and spoke about these issues whilst working on the performance review for his business, we realised that there was a trend. The Challenge… His staff, who had full control over ordering the stock in […]

We’ve all heard of the success of the many deal of the day websites like the Groupon, the Scoopons or any other Oupons there are out there. Today’s pointers relate to what you need to be looking out for before you sign up to one of these types of deals for your business.

We’ve all heard of the success of the many deal of the day websites like the Groupon, the Scoopons or any other Oupons there are out there. Today’s pointers relate to what you need to be looking out for before you sign up to one of these types of deals for your business. Do your […]

Identifying and communicating effective targets to your staff is the key to making the profit that you want in your business. Accountants often talk about a ‘break-even point’, something I call your ‘happy day’. This is the day of the month when you know that for the rest of the month, you are making a […]